PUBLISHER: GlobalData | PRODUCT CODE: 1590560
PUBLISHER: GlobalData | PRODUCT CODE: 1590560
This report provides a detailed analysis of power construction projects globally, based on projects tracked by GlobalData.
According to GlobalData, the global power generation projects pipeline is currently valued at $7.80 trillion. Of the global pipeline's value, 63.2% is attributed to projects in the early stages of development (pre-planning and planning), 24.9% is represented by projects in the execution stage, and 11.9% comprises projects in the pre-execution stage (design, tender, and EPC award). The energy sector is experiencing significant growth in wind farm projects, which represent the largest share of energy generation at 39.8%, amounting to $3.11 trillion. If all wind energy projects proceed as planned, they will contribute an additional 1,523GW of energy production capacity. Solar plants also hold a substantial share of the total pipeline value at 15.5% ($1.20 trillion) and are expected to add 1,569GW to global production capacity. Hydroelectric power follows closely with a 14.7% share ($1.14 trillion) and a capacity of 760GW.